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Business asks government what a tax haven is, as it fights move to boost tax transparency. Multinationals are fighting back against a proposal by the Federal Government's tax advisory board to increase transparency, arguing political leaders first need to define what a tax haven is.
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Lending to owner-occupiers and investors rose in February, but there's little agreement among economists about what that means for the health of the housing market. Some expressed cautious optimism that, after months of declines, markets could be finding a bottom, while others predict the downturn has further to run.
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A funeral insurer slammed by the banking royal commission for potentially misleading Indigenous customers has rebranded and enlisted a former NRL star as an ambassador. Jamal Idris, who retired from rugby league in 2017, has been promoting Youpla — a rebrand of the Aboriginal Community Benefit Fund (ACBF).
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Tietto Minerals grows Abujar gold resource by 146% to 1.7 million ounces
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The final federal approval for the Adani coal mine has been given and now it's up to the Queensland government to decide if construction can start. Federal Environment Minister Melissa Price signed off on the Carmichael mine's groundwater management plans on Tuesday, taking the mine one step closer to construction.
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Wesfarmers has defended its discussions with the Malaysian government about Lynas Corporation, saying it never intended to interfere with government processes. Wesfarmers said it had engaged in talks so it could better understand the licensing and regulatory issues facing the rare earth miner, which Wesfarmers is trying to acquire in a deal worth $1.5 billion.
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Global miner Rio Tinto has approved the $463 million construction of the Zulti South project in South Africa, a move it says will extend the presence of its majority-owned Richards Bay Minerals in the country. The mine extension - for which Rio Tinto will contribute $343 million - will help RBM maintain its output of high-margin zircon and rutile in the face of a declining orebody grade at the company's existing Zulti North lease area.
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The Federal Government's Snowy 2.0 project faces a significant cost blowout and delay from the original estimate detailed in a feasibility study a little over a year ago.
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Community concerns over wind farms are dissipating, the sector's commissioner says. Wind farm commissioner Andrew Dyer says there have been just under 300 complaints made about wind farms since late 2015, with the majority about proposed turbines.
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One of Australia's most successful technology companies wants to ''set an example'' by shifting to 100 per cent renewable energy sources for its electricity and cracking down on energy waste. The move to clean energy for all its power by 2025 would make Atlassian among the first Australian firms to hit such a mark.
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Wynn Resorts abandons $7 billion play for Australia's Crown Resorts
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BGC Centre tipped to fetch more than $100m. BGC Group is stepping up its property divestment program appointing blue-chip agents JLL to manage the sale of its $100 million-plus 20-level BGC Centre at 28 The Esplanade Perth. The 16,000sqm office tower, 100m from Elizabeth Quay train station, has 17-levels of A-grade office, three levels of basement parking and is on a 2352sqm site. It is more than 85 per cent leased.
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Perth aims to shake off negative perceptions. A difficult place to do business. A suburban rather than urban, lively student experience. Failing to attract its share of tourists. An unsophisticated city. Research has shown that these are some of the negative perceptions that work against Perth developing a reputation that has global appeal.
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Trade is slowing, and so is the global economy. The IMF warns of a 'delicate moment'. The world economy is still slowing, the International Monetary Fund warned Tuesday, but a pickup is on the horizon — growth is expected to recover next year unless "policy missteps" get in the way.
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There's trouble in OPEC and oil prices are up 50%. Venezuela is in chaos. Iran is grappling with US sanctions. And now there's a surge of violence in Libya. Trouble in these three OPEC nations has helped send US oil prices climbing back above $64 a barrel.
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U.S. job openings dropped to an 11-month low in February and hiring decreased, which could partially explain a sharp slowdown in job growth during that month.
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Airlines have completely stopped ordering the 737 Max
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US threatens tariffs on $11 billion of European goods over Airbus subsidies. The United States is threatening to impose tariffs on European goods worth billions of dollars, intensifying a long-running dispute over aircraft subsidies. The United States Trade Representative proposed levies on hundreds of categories of exports on Tuesday in retaliation for the European Union allegedly providing subsidies to Airbus (EADSF).
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Facebook Inc and Alphabet Inc’s Google unit on Tuesday defended their efforts to remove hate speech from social media sites amid questions from lawmakers in an appearance before the U.S. House Judiciary Committee.
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British cosmetics firm Lush is closing several of its UK social media accounts this week.Announcing the news on Twitter, it said it was "tired of fighting with algorithms" and did not want to "pay to appear" in newsfeeds.
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China’s bulging piggy bank adds to WTO tension. Beijing stands firm on ‘developing nation’ status despite its powerhouse manufacturing and high-tech sectors. These are surreal days. Despite being the second-largest economy in the world, China refuses to give up its “developing nation” status.
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China on Monday announced it will lower tariffs on some consumer goods ranging from computers to furniture and bicycles as Beijing faces worldwide scrutiny over its trade practices. Beijing and Washington have slapped tariffs on more than $360 billion in two-way trade in their simmering trade spat while Europe has recently indicated it will take China to task for alleged unfair trade policies.
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Huawei removed wi-fi transmitting cards from a Pakistan-based surveillance system's CCTV cabinets after they were discovered by the project's staff. Punjab Safe City Authority (PSCA) told BBC Panorama it had told the firm to remove the modules in 2017 "due to apotential of misuse".
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